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Rock Island Today

Tuesday, November 26, 2024

Silvis home prices fall in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in Silvis fell by $9,500 while total sales increased by 45.2%, according to BlockShopper.com.

From July through December of 2017, there were 61 homes sold, with a median sale price of $86,000 - a 9.9% decrease over the $95,500 median sale price for the same period of the previous year. There were 42 homes sold in Silvis in the second half of 2016.

The median sales tax in Silvis for 2017 was $2,506. In 2016, the median sales tax was $2,536. This marks an decrease of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.

The following table compares Silvis to other Rock Island County cities with similar median sales prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Milan6263-1.6%$112,000$99,00013.1%
Illinois City880%$97,500$152,750-36.2%
Fruitland440%$96,500$53,57580.1%
Moline47837826.5%$90,000$92,000-2.2%
Carbon Cliff134225%$90,000$42,500111.8%
East Moline18514032.1%$89,000$86,0003.5%
Coyne Center1112-8.3%$89,000$81,0009.9%
Silvis614245.2%$86,000$95,500-9.9%
Rock Island3773507.7%$85,000$85,750-0.9%
Hillsdale660%$81,500$75,0008.7%
Reynolds990%$43,000$60,000-28.3%

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